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Trading Made Simple

  • #75,361
  • Jan 31, 2017 5:49am Jan 31, 2017 5:49am
Quoting Tekkies
{quote} Why add to a losing trade? What would have stopped the pullback from going into a new trend up. The higher time frame does not tell the lower time frame what to do. The lower time frame always tell the higher time that is going to happen whether you like it or not.
There are many things rookie trader like you don not know nor understand.
A rookie trader like you will never learn how professional traders trade. But I am not a professional trader.
Your reading and comprehension skills is one of your many problems.
I have posted lots of stuff here in this thread and you need to go back and ther are also many attached pdfs and books to read.
But you need to read my my posts with an open mind.
Open up your mind, your brain will not fall out.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,362
  • Jan 31, 2017 5:57am Jan 31, 2017 5:57am
Quoting emmanuel7788
{quote} There are many things rookie trader like you don not know nor understand. A rookie trader like you will never learn how professional traders trade. But I am not a professional trader. Your reading and comprehension skills is one of your many problems. I have posted lots of stuff here in this thread and you need to go back and ther are also many attached pdfs and books to read. But you need to read my my posts with an open mind. Open up your mind, your brain will not fall out.
thanks for the personal view
Answer the questions please
  • #75,363
  • Jan 31, 2017 6:05am Jan 31, 2017 6:05am
Quoting Tekkies
{quote} thanks for the personal view Answer the questions please

You are not here to learn and share any knowledge. You are here for your own amusement.
All your rookie type questions were asked before and answered many times over and over again.
I am in your ignore list so you should not be seeing my posts.
When you do not see my posts, it will not bother you therefore you do not quote my posts and asked repeated questions that have been asked before.
If you are sincere and want to learn form other members in this thread, your online attitude has to change.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,364
  • Edited 6:31am Jan 31, 2017 6:15am | Edited 6:31am
Quoting emmanuel7788
{quote} You are not here to learn and share any knowledge. You are here for your own amusement. All your rookie type questions were asked before and answered many times over and over again. I am in your ignore list so you should not be seeing my posts. When you do not see my posts, it will not bother you therefore you do not quote my posts and asked repeated questions that have been asked before. If you are sincere and want to learn form other members in this thread, your online attitude has to change.
emmanuel.
Can you answer those questions
http://www.forexfactory.com/showthre...34#post9503234
  • #75,365
  • Jan 31, 2017 7:04am Jan 31, 2017 7:04am
EA trade at LO on the break of FO high, simple TDI bounce trade for +50 pips, thanks Big E, Phx62 for all u taught here , amazing how hard its to trade, as it takes ages to master doing what you do, no small turns to reach the goal, short cut just dosent cut it, work hard till it works
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I Have Learned to Take Some Losses to Make Profits
  • #75,366
  • Jan 31, 2017 8:41am Jan 31, 2017 8:41am
Quoting emmanuel7788
{quote} thanks ensale, here is that old post: http://www.forexfactory.com/showthre...43#post9476943
thank you emm, thank you ensale
All for one and one for all
  • #75,367
  • Jan 31, 2017 8:48am Jan 31, 2017 8:48am
Who is the brightest of the two, Tekkies or Emmanuel. When will you both stop for once and for all with this nonsense and battle? I'm really quite sick of it and I will certainly not be the only one
Keep it simple without too many crappy indicators!
  • #75,368
  • Jan 31, 2017 9:07am Jan 31, 2017 9:07am
price is probably heading towards 82 EDit: previous swing high was already taken out earlier, there was no good reason not to let a short trade run imho
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the cautious seldom err....C
  • #75,369
  • Jan 31, 2017 9:49am Jan 31, 2017 9:49am
Quoting TheScorpS
EA trade at LO on the break of FO high, simple TDI bounce trade for +50 pips, thanks Big E, Phx62 for all u taught here , amazing how hard its to trade, as it takes ages to master doing what you do, no small turns to reach the goal, short cut just dosent cut it, work hard till it works {image}
TSS, your timing is always on the spot, thats great!
I took the same trade, but some minutes too late, so my TP has not been reached. I moved the SL at half of my target = 25 pips to BE... too early, so I got out with nothing :-(

How long does it take to reach your level?

Attached Image (click to enlarge)
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Best regards, blackfriday
  • #75,370
  • Edited 10:35am Jan 31, 2017 9:54am | Edited 10:35am
Quoting emmanuel7788
{quote} Hi, I have posted many times on the use of 10EMA. Look for the posts using the keyword serach. Tell me a currency pair and I will do a top down analysis this weekend to prepare for next week's trading.
Hi Emmanuel,

Thanks. I will look for that.

Will you be able to share on UJ please?
Btw: Happy Lunar New year, wishing you a wonderful year ahead. Hou nian xing da yun.
  • #75,371
  • Jan 31, 2017 10:01am Jan 31, 2017 10:01am
Quoting blackfriday
{quote} TSS, your timing is always on the spot, thats great! I took the same trade, but some minutes too late, so my TP has not been reached. I moved the SL at half of my target = 25 pips to BE... too early, so I got out with nothing :-( How long does it take to reach your level? 0131 EURAUDH1.png;2165249 {image}
You are right that you moved it to Breakeven even tho it ended there, thats protecting what u have as a good trade , dont worry how long it takes us to reach a certain level, leave that for the future, think about now doing what your skill can do and hope for the best

Phx62 in his PDFs mentioned that for trading to be in its best form, early entry is a must , not easy tho, in this trade I was late 4 pips from LO open, so those 4 pips can cut the trade slightly just before hitting desired target, and reverse to hit BE instead , work on that too

Based on your chart I see that you trade slimier to me , so Phx62 books day in day out will help in the long run, I think I memorized his books that I can re-write them again lol

Good luck
I Have Learned to Take Some Losses to Make Profits
  • #75,372
  • Jan 31, 2017 10:17am Jan 31, 2017 10:17am
Quoting TheScorpS
{quote} You are right that you moved it to Breakeven even tho it ended there, thats protecting what u have as a good trade , dont worry how long it takes us to reach a certain level, leave that for the future, think about now doing what your skill can do and hope for the best Phx62 in his PDFs mentioned that for trading to be in its best form, early entry is a must , not easy tho, in this trade I was late 4 pips from LO open, so those 4 pips can cut the trade slightly just before hitting desired target, and reverse to hit BE instead , work on that...
Do you go for more than 50 pip targets? or is this your TP you like to aim for?
It's in fear when people show what they truly value.
  • #75,373
  • Jan 31, 2017 10:25am Jan 31, 2017 10:25am
Quoting emmanuel7788
{quote} Hi, No to the use of trendlines, No to use of the HeikenAshi candles colours, simply plain old Price Action by looking at the price chart- either the Price Bar chart or the Japanese Candlestick chart or a Line Chart. TMS purists use the 5EMA,Typical Price, Shift+3 as the direction on their trading chart timeframe. PA above 5EMA is BUY. PA below 5EMA is SELL. Is that so simple? I use the 10EMA, Close Price, Shift+0 on all chart timeframes (MN, W1, D1) for my top down analysis and prepare my Big Picture Plan for my trading. This is not a holy...
Hi Emmanuel,

thx for your reply. Regarding the charts...
- AJ: ranging, now down, range 350 pips, room left 175
- EJ: ranging, now down, range 290 pips, room left 90
- GJ: down trend, support @ 138.26
- UJ: down trend, now at S/R area
- NJ: that's a difficult one for me.... PA-wise I would say ranging, now down, but if I follow your EMA10 rule, it is trending up
- CJ: ranging, now down, range 220 pips, room left 90

correct ?

Best regards,
Best regards, blackfriday
  • #75,374
  • Jan 31, 2017 10:40am Jan 31, 2017 10:40am
Quoting TheScorpS
{quote} You are right that you moved it to Breakeven even tho it ended there, thats protecting what u have as a good trade , dont worry how long it takes us to reach a certain level, leave that for the future, think about now doing what your skill can do and hope for the best Phx62 in his PDFs mentioned that for trading to be in its best form, early entry is a must , not easy tho, in this trade I was late 4 pips from LO open, so those 4 pips can cut the trade slightly just before hitting desired target, and reverse to hit BE instead , work on that...
I did a lot of backtesting and studying last year, including Phx62 pdfs.... your and Phx62's style of trading seems to work good for me. Unfortunately I have a full time job, so it is very difficult to trade lower tfs successfully. I am working on ME/ME, but once you get hit by "trade invalidation", a big portion of your previous profits are gone... so I am trying to learn both styles

Best regards,
Best regards, blackfriday
  • #75,375
  • Jan 31, 2017 10:58am Jan 31, 2017 10:58am
Quoting blackfriday
{quote} I did a lot of backtesting and studying last year, including Phx62 pdfs.... your and Phx62's style of trading seems to work good for me. Unfortunately I have a full time job, so it is very difficult to trade lower tfs successfully. I am working on ME/ME, but once you get hit by "trade invalidation", a big portion of your previous profits are gone... so I am trying to learn both styles Best regards,
Hi blackfriday, I got the same problem on trading ME/ME, trading till trend invalidation leave way too much back to the market at the end
Still have not found a good solution if not stop trading before the trend ends, this cause another problem of leaving money at the table, but somehow way better than losing an already got proffit.
Trying to beat this problem by doing a higher time frame analysis but still got some orders losing at trade invalidations...
  • #75,376
  • Jan 31, 2017 11:01am Jan 31, 2017 11:01am
Quoting Tekkies
{quote} Roni Do your own analysing by using the step's in #Post74.711 To practises TMS anytime use the following: Expert: Ghoul007EA.ex4;2140167 Indicator - Expert use this indicator to function #02Ghoul007_Indicators.ex4;2140147 Edit: Important Expert will place orders on a live account {file} {file}
Is this the alert indicator and ea to this strategy?
Vucking good EA coder... https://t.ly/AZjRM
  • #75,377
  • Jan 31, 2017 11:02am Jan 31, 2017 11:02am
Quoting Tekkies
{quote} Why add to a losing trade? What would have stopped the pullback from going into a new trend up. The higher time frame does not tell the lower time frame what to do. The lower time frame always tell the higher time that is going to happen whether higher time frame like it or not.
Adding to a losing trade is called scaling in. There is nothing to prevent the pullback from going into a new trend up. The higher TF does indeed tell the lower TF what to do in the form of trading direction.

The market has three phases. Spikes, channels, and trading ranges. This is seen best on the higher TF.
If you are good at something, never do it for free--Joker
  • #75,378
  • Jan 31, 2017 11:16am Jan 31, 2017 11:16am
Quoting griffc
{quote} Thanks Chris. Ive added an H4 profile set to my MT4 and set up a live micro account to get a feel for the H4, so I'm going to give it a parallel go.
Psychology and TFs ?

Weirdly, it's days like today that I find very difficult ... emotionally.

I'm imbalanced between a 15m system and H4 (moving up from H1).
Obviously I get more entries with the short time frame and with a set target I tend to do ok so I should be happy right? BUT then the day goes and moves hundreds of ticks of which I've got a fair chunk yet I feel I've really missed out.

On days like these with a higher TF entry I find I'd look back and say 'I wish I was in that as I could ride it all the way, better than jumping out and back in on each 15m retrace'. Today however I was working the 15m charts and while I've snatched multiple slices of the pushes to make it a very good day I still feel I'm on the wrong side of the timeframe approach fence.

When I let the 15m entries run they have a much higher 'stop at break even' rate so I'm not able to upscale a 15M entry to a H1 or H4 management time frame very well at all. And back tests come out positive for both TFs - just with a more aggressive draw down and growth cure on the lower TFs so I can't even logically negate one over the other with that (using the basics of BigE 5 methods, nothing more, no secret ingredients).

So I think I'm clearly missing some maturity to understand and accept whether I am naturally a scalper, a daytrader or a position person and would love to get to the bottom of this so I could simply focus on one TF or the other as flipping between them mentally causes me entry and management interference which affects my bottom line.

I feel like the 5 method has given a successful method that works on multiple TF, but I'm trading it in no mans land as I've not found the one that is "right for me". I'd love to resolve it as it would 1) let me feel rewarded rather than frustrated at the end of a positive day, and 2) more to the point allow me to drive forwards with focus.

Has anyone been through this dilemma successfully?

Thanks
always learning
  • #75,379
  • Jan 31, 2017 11:31am Jan 31, 2017 11:31am
Quoting griffc
{quote} Psychology and TFs ? Weirdly, it's days like today that I find very difficult ... emotionally. I'm imbalanced between a 15m system and H4 (moving up from H1). Obviously I get more entries with the short time frame and with a set target I tend to do ok so I should be happy right? BUT then the day goes and moves hundreds of ticks of which I've got a fair chunk yet I feel I've really missed out. On days like these with a higher TF entry I find I'd look back and say 'I wish I was in that as I could ride it all the way, better than jumping out...
Here is what I would do, your mileage may vary.

Do nothing but scalp for a week.
Do nothing but daytrade for week.
In the background of scalping and daytrading put on some positions for two weeks with a much smaller size.

The death of every trader comes from the emotions of fear and greed. If you fear missing out stay always in the market and trade from signal to signal. And keep your position size tiny. You will not get rich but you will always be in.

This is not investment advice. Just trading education.
If you are good at something, never do it for free--Joker
  • #75,380
  • Edited 11:53am Jan 31, 2017 11:38am | Edited 11:53am
Quoting reteid2222
{quote} Is this the alert indicator and ea to this strategy?
Use those two to study over the weekend when the market is closed
They are not part of TMS
The Ghoul007EA.ex4 (expert) goes into backtester.
(It can place order on a demo and live account)

Paperclip will give you a lot of TDI's to pick from.
Prefer to use this one. Have striped the code down. The original is somewhere on the internet
Attached File(s)
File Type: mq4 TMS RSI.mq4   3 KB | 368 downloads


edit: download BigE full.pdf to learn more about TMS and TDI.
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